151
151
Dec 5, 2012
12/12
by
CNBC
tv
eye 151
favorite 0
quote 0
john boehner is really the only republican power in town. so a lot of people think that he's going to have to move toward the president. right now, he's showing absolutely no signs of that. but public opinion is definitely in the president's side. >> the president seems to be counting on here that if no deal is reached, the gop will get the blame from voters. is that the right calculation to make? >> absolutely. polls show that republicans would overwhelmingly be blamed if the united states goes over the proverbial fiscal cliff. and that's why president obama has an advantage, because he's willing -- he says, this is what he and his advisers say, he's willing to send the nation off of the fiscal cliff, letting all income tax rates to jump, spending cuts to take hold, investment income rates to jump. he's willing to do that. he thinks republicans would get the political blame. republicans, on the other hand, note that listen, the president's going to have to have another term where he's dealing with what's likely to be a deep recession as a r
john boehner is really the only republican power in town. so a lot of people think that he's going to have to move toward the president. right now, he's showing absolutely no signs of that. but public opinion is definitely in the president's side. >> the president seems to be counting on here that if no deal is reached, the gop will get the blame from voters. is that the right calculation to make? >> absolutely. polls show that republicans would overwhelmingly be blamed if the...
279
279
Dec 7, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 0
boehner used a similar phrase. maybe that means call me? i don't know. analysts say there are some suggestions that there's real progress that can be made. >>> a 7.3 magnitude earthquake hit the northeastern coast of japan this morning, the same area as the devastating march 2011 quake. but there was a tsunami warning canceled and reports of injuries or damage even though the quake shook buildings. workers at the fukushima nuclear plant were ordered to higher ground as a precaution. >>> our guest host is dan gilbert, he's chairman and founder of quicken loans and the owners of the nba's cleveland cavaliers and among the topics we're ready to talk about dan, the risk of the looming fiscal cliff and the broader economy. we'll start with this morning's other top stories. dan, welcome, great to have you here. >> great to be here. >> we want to find out about a lot of things including the housing market, because i know you have a really good feel for it. >> there's a lot to talk about that's for sure. >> the cliff and s
boehner used a similar phrase. maybe that means call me? i don't know. analysts say there are some suggestions that there's real progress that can be made. >>> a 7.3 magnitude earthquake hit the northeastern coast of japan this morning, the same area as the devastating march 2011 quake. but there was a tsunami warning canceled and reports of injuries or damage even though the quake shook buildings. workers at the fukushima nuclear plant were ordered to higher ground as a precaution....
231
231
Dec 7, 2012
12/12
by
CNBC
tv
eye 231
favorite 0
quote 0
john boehner didn't lose the presidency, my friend. and don't forget that. and by the way, conservatives did not win the presidency and conservatives did not win the senate. it was a lousy year. and you have to deal with that. and let me add one thing. i am a flat tax supply sider and i worked for ronald reagan. reagan compromised. he compromised in 1982 over a lousy deal which he regretted. he compromised in 1983 over a very good social security fix. and then he compromised again in 1986 over a very good tax reform fix. >> right. >> so if you blame -- >> i agree if the other side wanted to compromise, i would say we should. >> you've got to learn how to work a little bit here. >> what does obama want that's not in the fiscal cliff -- he wants what's in the fiscal cliff. it's defense cuts and tax hikes. we're compromising with someone who doesn't want to compromise. he likes that stuff. i know he doesn't want to raise taxes on the middle class. but we have to give up everything in this deal. we should articulate our principles or give him what he wants. we'r
john boehner didn't lose the presidency, my friend. and don't forget that. and by the way, conservatives did not win the presidency and conservatives did not win the senate. it was a lousy year. and you have to deal with that. and let me add one thing. i am a flat tax supply sider and i worked for ronald reagan. reagan compromised. he compromised in 1982 over a lousy deal which he regretted. he compromised in 1983 over a very good social security fix. and then he compromised again in 1986 over...
223
223
Dec 3, 2012
12/12
by
CNBC
tv
eye 223
favorite 0
quote 0
house speaker john boehner standing firm against higher taxes. sgr we' >> we've put a serious offer on the table by putting revenues up there. but the white house has responded with virtually nothing. >> why does it make sense for the country to force tax increases on all americans because of a small group of republicans won't extend tax rates for 2% of americans. there's no reason why that should happen. >> democratic strategy from bgr joining us. we'll always get a standoff at some point in these negotiations. is it a terminal standoff? when does somebody blink? >> it's not a matter of who will blink or not. i think that the republicans are trying to go tit for tat with the president. you have to realize that the president has the bully pulpit and the ability to command media. so the republicans feel the need to respond to every maneuver. i think frankly that the president's put a detailed plan on the table. republicans need to respond to that detailed plan and then they need to get in the weeds. i'm still optimistic that we'll get something do
house speaker john boehner standing firm against higher taxes. sgr we' >> we've put a serious offer on the table by putting revenues up there. but the white house has responded with virtually nothing. >> why does it make sense for the country to force tax increases on all americans because of a small group of republicans won't extend tax rates for 2% of americans. there's no reason why that should happen. >> democratic strategy from bgr joining us. we'll always get a standoff...
324
324
Dec 3, 2012
12/12
by
CNBC
tv
eye 324
favorite 0
quote 1
and i feel bad for john boehner. he's in a difficult situation. i did want to remind john that he should look at the young, newer members that are so difficult to persuade to make an easy deal compromise. and remember, it wasn't too many years ago, john, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our liberty and of sound economic policy within the context of the majority senate that frankly just think it's good for the country for the government to be bigger. the government is counterproductive to the performance of the rest of the world. >> thank you for coming on. >> i would respectfully suggest that the government is grown too big, promised too much and waited to long to restruct
and i feel bad for john boehner. he's in a difficult situation. i did want to remind john that he should look at the young, newer members that are so difficult to persuade to make an easy deal compromise. and remember, it wasn't too many years ago, john, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word...
267
267
Nov 30, 2012
11/12
by
CNBC
tv
eye 267
favorite 0
quote 0
stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> republicans know where we stand. we've said it, we've said it, we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmas time. >> according to congressional republican aides, they say they have obtained a copy of the white house's proffer here. at least $50 billion in new spending. >> do you have faith in any of them to rise above? >> would it be okay to go over? >> we will rise above. >> morgan stanley wealth management's chief investment strategist up next with his list of winners and losers. plus, how you can make money in these shaky markets as the year winds down. >>> later, as lawsuits pile up and hewlett-packard stock suffers, carly fiorina will join me for her first interview since the autonomy disaster came to light. wait until you hear who she says deserves the blame. >>> also, social security and medicare in focus. is this
stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> republicans know where we stand. we've said it, we've said it, we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmas time. >> according to congressional republican aides, they say they have obtained a copy of the...
153
153
Nov 29, 2012
11/12
by
CNBC
tv
eye 153
favorite 0
quote 0
and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo >> both sides have acknowledged that there will be revenue concessions and sbilgtment cent concessio concessions. i'm not a master of the political art here, but i would say if you have these point of views in a business context as close as they are, i would say a deal would be in reach. >> ford chairman bill ford junior agrees with blankfein saying he's confident the obama administration can reach a deal with congress to avoid the fiscal cliff. but speaking with reporters in bangkok, he says the a
and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal...
263
263
Nov 29, 2012
11/12
by
CNBC
tv
eye 263
favorite 0
quote 0
our next guest met with john boehner on capitol hill yesterday. tom wilson is the ceo of the insurance giant allstate. i see in your preinterview notes you've got some good news, but the way you say it, i'm concerned about where we are. let me start with the good news which moons that there's some bad news. what do you mean? >> sure. i am concerned. the good news is -- and we met with the democrats who control the snachlt we met the republicans who control the house, the white house economic team. so we saw all sides of this. the good news is we all agree this is an opportunity to show the rest of the world we know how to run our house economically. they all want to make a deal, three, they all agree it's a $4 trillion number and four, they all agree -- there's three kmoents. we've got reform entitlement, raise revenue and reduce spending. so those are all the good things. you want to know the bad news. >> yeah, i guess. >> yeah. okay. so the bad news is nobody's really decided how much of that $4 trillion goes into each of the three buckets. so r
our next guest met with john boehner on capitol hill yesterday. tom wilson is the ceo of the insurance giant allstate. i see in your preinterview notes you've got some good news, but the way you say it, i'm concerned about where we are. let me start with the good news which moons that there's some bad news. what do you mean? >> sure. i am concerned. the good news is -- and we met with the democrats who control the snachlt we met the republicans who control the house, the white house...
206
206
Dec 4, 2012
12/12
by
CNBC
tv
eye 206
favorite 0
quote 0
speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the mid point of the negotiations, but it's in longer the mid point i guess. >> he also said -- he is a testimony, but he has separated himself from the administration by saying that they thoo should have taken more of their proposals more seriously. he also said last night that you will see higher marginal tax rates. >> higher marginal or effective? >> higher mar begin ginal rates talking about last night. >> that's part of the 500. >> he thinks as part of the compromise to get there, you'll have to see the democrats get their way in terms of higher marginal tax rates. he also said that the republicans should be able to see higher entitlement cuts, that that should be part of thi
speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the mid point of the negotiations, but it's in longer the mid point i guess....
142
142
Dec 5, 2012
12/12
by
CNBC
tv
eye 142
favorite 0
quote 0
. >> the republicans spoke just a minute ago, john boehner saying his fellow republicans do in fact, as we watch the president work the room ahead of his remarks, they do back his opposition to raising rates outright. this chatter that the coalition is fraying, how complicating is that? the question is whether it frays enough to caught a fundamental shift in strategy. i think at the end of the dahl the republicans will give on higher rates. the question is when? does 2 happen before december 31st? in which case republicans and conservatives would argue republicans are agreeing to a tax increase. does it happen after january 1st when rates will have already risen? and if they cut them to 37% top rate, then republicans could say, hey, we just cut taxes. that's really the question. the president has made an argument that it is not practical to get all the money he wants from merely closing loopholes and deductions. he's said different things in the past. he's acknowledged significant amounts of money can be raised through closing loopholes. can you get it done quickly? by the end of the
. >> the republicans spoke just a minute ago, john boehner saying his fellow republicans do in fact, as we watch the president work the room ahead of his remarks, they do back his opposition to raising rates outright. this chatter that the coalition is fraying, how complicating is that? the question is whether it frays enough to caught a fundamental shift in strategy. i think at the end of the dahl the republicans will give on higher rates. the question is when? does 2 happen before...